Market Data and Brokerage / Market Data Optimization / Market Data Catalogue

Market Data Catalogue

BCG Expand’s Market Data Catalogue, Explore, provides a unified platform for data discovery, governance, and intelligent procurement, transforming how institutions manage and optimize their market data requirements.

Explore our solutions

The Challenge

  • ✔Inventory systems are fragmented across multiple systems and business units
  • ✔Limited visibility into owned, used, or duplicated data
  • ✔Time-consuming vendor searches delay discovery and onboarding
  • ✔Users struggle to independently find and access the data they need, slowing business workflows

How we can help

Data Ingestion & Tagging

We use intelligent ingestion and AI-powered tagging to classify vendors and products, providing a central, searchable catalogue of all market data assets.

Taxonomy Framework

Our proprietary taxonomy standardises product types and descriptions, reducing duplication and ensuring consistent data governance across the organisation.

Self-Service Data Access

We enable self-service data discovery, reducing operational bottlenecks and improving workflow efficiency by empowering users to independently access the information they need.

Client success stories

12,000+ vendor products in the catalogue
300+ vendors covered
4,000+ line items recategorized for a Global Tier 1 Bank
90%+ of market data services covered

Case Studies

Global Tier 1 Universal Bank

A global Tier 1 universal bank engaged BCG Expand to recategorize its market data inventory using a unified taxonomy that brought greater clarity and transparency to the business. The project replaced the bank’s internal framework and embedded the new taxonomy across internal reporting, enabling consistent classification and ongoing governance through quarterly reviews.

The Challenge

  • ✔ Market data ecosystems are complex and costly
  • ✔High spend on redundant feeds and underutilised licences
  • ✔Lack of transparency into the total cost of data ownership
  • ✔Inefficient onboarding and entitlement processes increase manual workload and drive duplicated spend

How we can help

Cost & Usage Benchmarking

We benchmark spend and usage data to uncover duplication, identify redundant licences, and quantify optimisation opportunities.

Data Intelligence & Insights

We deliver spend analytics dashboards that highlight cost-saving opportunities and inform smarter vendor and product decisions.

Workflow Automation

We automate onboarding and entitlement workflows to reduce manual processes, prevent duplicated spend, and support more efficient vendor and product management.

Client success stories

$50bn estimated global market data revenues
~7% year-on-year cost increases since 2019
46% increase in vendors tracked since 2019

"The Explore platform has completely transformed how we manage market data. The new taxonomy and centralised catalogue have given us transparency and control we never had before."

Head of Market Data Global Tier 1 Bank

"Explore has become our single source of truth for market data. The catalogue’s transparency and intuitive discovery let us understand coverage, licensing, and usage at a glance.  So we move faster, stay compliant, and actually get more value out of the data we’re paying for. "

Market data manager Buy Side firm

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